The Indian rupee plummeted to a new record low of 88.33 against the U.S. dollar on Monday, surpassing the previous low recorded on Friday. This decline reflects increased hedging activity by importers and a rise in short positions taken by market participants. The pressure on the rupee is attributed to higher U.S. tariffs, exacerbating existing market vulnerabilities.
The rally in Ola Electric shares comes after PLI certification for its Gen 3 scooters. Analysts highlight potential upside, but caution that stretched valuations and weak fundamentals persist, even as margins improve and technical charts signal a bullish breakout.
Vladimir Putin addressed the Shanghai Cooperation Organisation summit, pinpointing the West's persistent efforts to integrate Ukraine into NATO as a primary catalyst for the ongoing conflict. He also highlighted the 2014 coup in Kiev, allegedly instigated by the West, as a significant factor contributing to the crisis. Putin emphasized that NATO expansion poses a direct threat to Russia's security.
Ather Energy's shares soared following the unveiling of its next-generation scooter platform, EL, at Ather Community Day 2025, reaching a 52-week high. The EL platform, designed for versatility and scalability, is expected to drive the company's future growth. With the launch of updated AtherStack 7.0 and next-generation fast chargers, Ather aims to enhance rider experience and meet rising market demand.
